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How To Make Money By Investing

Discussion in 'Channel Zero' started by KaBar, Nov 8, 2002.

  1. KaBar

    KaBar Senior Member

    Joined: Oct 9, 2001 Messages: 1,397 Likes Received: 11
    There is no time like the present to begin guaranteeing your financial future. You only have a certain number of "prime earning years" and you should be working at maximum potential during those years. Sure, you might invent Windows95 and retire young and rich, but most of you won't. You'll have to earn it the hard way.

    Social Security is not, and was not intended to be, a retirement program. It is SUPPLEMENTAL INCOME, that you financed yourself in the form of Social Security Taxes forcibly removed from your paycheck every payday. Of course, your employer is forced to contribute as well, so in order to offset this, he pays you a lot less money.

    "TANSTAAFL" (There is no such thing as a free lunch.)

    COMMIT THIS TO MEMORY.

    To play the stock market, one must be financially able to absorb the losses associated with market reversals. It's really not for the little guys.
    However, Mutual Funds spread the risk out over a much broader area, making it much less risky for the small investor.
    Stockbrokers and mutual funds traders both charge you a fee to buy stock or MF's and also to sell them. It costs me about $58 to buy and sell a block of stock, so I have to at least make that much to keep from going in the hole.
    You can open an account with a mutual funds trader (sort of like a bank account) that will permit you to purchase mutual funds in dollar amounts instead of in blocks of 100 shares, like stocks.
    Either buy single newstand copies of or subscribe to a financial newspaper called the Investor's Business Daily (IBD). It costs a few bucks, but it will teach you a TON of information about buying and selling mutual funds. THINK OF INVESTING LIKE GOING TO VEGAS. It's a risk. Sometimes you win, sometimes you don't.

    IBD teaches that the way to make money is to identify the top 50 mutual funds in the nation. Do your research on the best 10% of them. Set a reasonable investment goal (let's say I buy it at $4.25 per share, and I want to make $2 per share.) I set an automatic sell order at $6.26. If it goes one penny over my target, it automatically sells and I get the profit, plus my money back. You set an automatic sell order for eight percent of the value of the fund. So if it falls to $3.90, it automatically sells. This way, I cannot lose more than 8% no matter what.

    If you are a guy with nerves of steel, you can try to "time the market." You watch the price of your stock going up or down, and try to time your sale (or purchase) to take maximum advantage of the temporary rise or fall in the price.

    "Is it really that simple?" Yup. It is. The trick is in deciding on what you believe about stocks, stockbrokers and mutual funds. Over time, people who invested made very good money in the market. The market goes up, and the market goes down, but after 20 years, you'll come out ahead.

    When you spend money today, you are not only losing the dollar that you blew on beer, but you are also losing ALL FUTURE EARNINGS that that dollar might have earned if it had been wisely invested. That $3.85 six-pack could be costing you more like $40 viewed from this perspective, over a period of forty or fifty years.

    There are times when it is wise to not be in the market. When the Stock Market goes down, this means that an opportunity for you to buy is "in the making." The idea is to buy when the market is falling, and sell just as it crests the top of the hill.
     
  2. Abracadabra

    Abracadabra Dirty Dozen Crew

    Joined: Dec 28, 2001 Messages: 22,906 Likes Received: 113
    i invested in ibm computers in 1979. i'm a fucking zillionaire bitch
     
  3. PAYROLL

    PAYROLL Guest

    Consider your degenerate audience, KaBar.

    I think someone likes having his "helpful" threads stickied! This is the sound of nobody listening...........................................
     
  4. Dirty_habiT

    Dirty_habiT Dirty Dozen Crew

    Joined: Mar 8, 2001 Messages: 18,058 Likes Received: 48
    I need to reestablish my mutual fund. Thanks.
     
  5. Dirty_habiT

    Dirty_habiT Dirty Dozen Crew

    Joined: Mar 8, 2001 Messages: 18,058 Likes Received: 48
    Payroll: KaBar has ten times over earned the respect of me and many other members of this site. Can you not see that he's trying to help? There are people that aren't as fortunate as to have someone tell them some of the things that Kabar has shared. It's whatever though, I only control me.
     
  6. jah

    jah Elite Member

    Joined: Dec 30, 2001 Messages: 2,705 Likes Received: 2
    buy a pound of weed from a grower, break it up into eighths or twomps or whatever (the more you break it down the more you make...) and flip it for 30-50% profit after you tax a little for yourself! i should be a business professor.....
     
  7. Remi Martin

    Remi Martin New Jack

    Joined: Jun 3, 2001 Messages: 96 Likes Received: 0
    ehhhhhhh
    fuck it



    im writing grants for my movie script.


    fuckers can invest in me.
     
  8. PAYROLL

    PAYROLL Guest

    Not questioning his credibility, but why try to talk about financial investing on the same forum where people post pictures of their pussies and talk about how to get pills and shit? It amounts to wasted time...you know this. Think, man!
     
  9. KaBar

    KaBar Senior Member

    Joined: Oct 9, 2001 Messages: 1,397 Likes Received: 11
    But, Payroll, YOU were listening

    And that's who I was aiming at. If I had followed this advice when I was twenty, I'd be rich as a motherfucker now, because of the Time Value Of Money. "It works---while you sleep." If I had only invested the money that I blew on beer and dope, I'd be pretty damned well off, and a lot less scatterbrained.

    START EARLY--IT MAKES A BIG, BIG, BIG, BIG DIFFERENCE. The curve is pretty flat for about twelve or thirteen years and then the MOJO starts to work and your friggen investment graph takes off almost STRAIGHT UP.^^^^^^

    Why, oh, why didn't I listen when my stupid ass rich-as-shit cousin tried to explain this to me? He's a total bitch and wealthy beyond belief. I should have LISTENED to him. He was right. I was wrong.

    He owns Rolls Royces (no shit, this is true) and buys and sells Rolex parts just for the hell of it, and makes good bucks at it.

    And who says you can't enjoy looking at pictures of beautiful female anatomy and still think about investing and making your fortune? In fact, looking at pics of beautiful female anatomy MOTIVATES ME to go invest and make money so I can afford to convince the owner of said anatomy to let me have a closer look. Know what I mean?
     
  10. KaBar

    KaBar Senior Member

    Joined: Oct 9, 2001 Messages: 1,397 Likes Received: 11
    Mr. ABC

    No shit, true story. When I got out of the Marines in 1981, a high-school buddy of mine who was working as a programmer tried to explain CDs to me. (It was brand-new back then--nobody knew much about CD's. Cassette tapes were the big deal then.)
    He invested in a company that made music CD's. He made money like a motherfucker. I didn't. I didn't make squat.

    Soon, there will be NEW TECHNOLOGY that outstrips CD's. It will make scads of money. Be there, or be square.
     
  11. --zeSto--

    --zeSto-- Veteran Member

    Joined: Jul 12, 2000 Messages: 6,979 Likes Received: 2
    I started really early.

    and here's the best thing....

    (im not sure how it works in the states, but it's solid up here in the Tundra)

    You can take money out of your RSP and put it towards a property purchase
    witout having to pay tax on the interest you would have earned.
    It's perfect to buy a house. All you RSP cash doesn't get cut down
    at your current tax rate. yeah... new property for me !!!

    age:23
    RSP:seven grand
     
  12. SMUGGLER RSH

    SMUGGLER RSH Guest

    Interesting stuff. I always wondered whether the CD technology made alot of people money back in the day. But the problem with technology now is it is to fast moving and unpredictable. War is where it is at buy up those stocks in war technologies etc. Sept 11 is a perfect example when the markts re opened the gun stocks shot up fucking high......
     
  13. willy.wonka

    willy.wonka Guest

    this should be a sticky
     
  14. SMUGGLER RSH

    SMUGGLER RSH Guest

    Re: Consider your degenerate audience, KaBar.


    You know what stupid is so called `HELPFULL` shit talking. If you don`t like 12oz and tend to bag people for using the board then don`t use it. People use it to communicate, but you seem to use it to make yourself feel better by trying to put down others with your stupid and imature comments. If you think your so `cool` and don`t need advice or want to listen then go and live your pathetic life somewhere else........
     
  15. dukeofyork

    dukeofyork Senior Member

    Joined: Nov 9, 2000 Messages: 1,589 Likes Received: 1
    Re: But, Payroll, YOU were listening



    this guy is on POINT.
     
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